Glossary of Terms
- A.P.R.
- Abstract of title
- Acceleration clause
- Adjustable Rate Mortgage (ARM)
- Amenities
- Amortization
- Annual cap
- Annual Percentage Rate (A.P.R.)
- Appraisal
- Appreciation
- ARM
- Assessment
- Assignment
- Assumption
- Balloon Mortgage
- Biweekly Mortgage
- Bond
- Bridge Loan
- Buy-Down
- Cap
- Certificate of Title
- Closed-end Mortgage
- Closing Costs
- Cloud
- Co-mortgagor
- Co-signer
- Collateral
- Commitment Fee
- Condominium
- Conforming Loan
- Construction Loan
- Consumer handbook on adjustable rate mortgages (C.H.A.R.M.)
- Conventional Loan
- Convertible Mortgage
- Covenants
- Curtailments
- Debt
- Debt-to-Income Ratio
- Deed
- Deed of Trust
- Department of Housing and Urban Development (HUD)
- Discount Points
- Down Payment
- Due-on-Sale
- Duplex
- Earnest Money
- Easement
- Equal Credit Opportunity Act
- Equity
- Escape Clause
- Escrow
- Fair Market Value
- Fannie Mae
- Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac)
- Federal Housing Administration (FHA)
- Federal National Mortgage Association (FNMA or Fannie Mae)
- Fee Simple
- Fees Paid in Advance
- Fees Paid to the Lender
- FHA
- Fifteen-year Mortgage
- Fixed-Rate Mortgage
- Flood Insurance
- FNMA
- Freddie Mac
- Gift
- Ginnie Mae
- Good Faith Estimate
- Government National Mortgage Association (GNMA or Ginnie Mae)
- Graduated Payment Mortgage (GPM)
- Hazard Insurance
- Home Equity Loan
- Home Inspection
- Homeowners Insurance
- Housing Affordability Index
- Housing and Urban Development (HUD)
- Housing Expenses-to-Income Ratio
- HUD
- Income Approach to Value
- Income-to-Debt Ratio
- Index
- Insurance
- Interest
- Interest Cap
- Interest Rate
- Joint Tenancy
- Jumbo Loan
- Key Lot
- Lien
- Life-of-Loan Cap
- Liquidity
- Loan Discount
- Loan Origination Fee
- Loan-to-Value Ratio (LTV)
- Lock-in
- Maintenance Costs
- Margin
- Market Value
- Modification
- Mortgage
- Mortgage Banker
- Mortgage Broker
- Mortgage Insurance
- Mortgage Interest
- Mortgage Term
- Mortgagee
- Mortgagor
- Negative Amortization
- Non-Assumption Clause
- Non-Conforming Loan
- Note
- Open-end Mortgage
- Origination Fee
- Other Charges
- P&I
- Payment Cap
- PITI
- PITIO
- Points
- Pre-Qualification
- Prime Rate
- Principal
- Private Mortgage Insurance (PMI)
- Property Appraisal
- Property Tax
- Prorate
- Qualification
- Rate Cap
- RESPA
- Reverse Annuity Mortgage
- RHCDS
- Right of First Refusal
- Right of Rescission
- Rollover
- Rural Housing and Community Development Service
- Second Mortgage
- Secondary Market
- Servicing
- Settlement Costs
- Survey
- Tax Deed
- Tax Savings
- Taxes
- Tenancy
- Title
- Title Insurance
- Trust Deed
- Truth In Lending Act
- Underwriter
- Uniform Settlement Statement
- Utility Costs
- VA Loan
- Variable Rate Mortgage (VRM)
- Veterans Administration (VA)
- Walk-Through
- Warranty Deed
- Yield
- Zoning